MUBvsVTESETF Comparison
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iShares National Muni Bond ETF (MUB) and Vanguard Short-Term Tax-Exempt Bond ETF (VTES) belong to the same industry segment: Municipal Bonds. MUB's top 2 sector exposures are Municipal and Non-Corporate. In contrast, VTES's top sector exposures are Municipal. Both MUB and VTES have the same Total Expense Ratio (TER) of 0.05%. MUB is down -0.5% year-to-date (YTD) with +$4.90B in YTD flows. VTES performs better with 0.34% YTD performance, and +$1.05B in YTD flows. Run a side-by-side ETF comparison of MUB and VTES below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
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MUB vs VTES performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 09/08/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | MUB VTES | -1.42%-0.54% | -1.88%-0.43% | -0.50%+0.34% | +1.97%+0.82% | +5.47%+9.16% | -1.15%n/a |
| Flows | MUB VTES | +$187M+$382M | +$1.26B+$631M | +$4.90B+$1.05B | +$6.78B+$1.32B | +$12.77B+$2.44B | +$24.81B- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | MUB VTES | +2.54%+1.20% | +2.31%+1.11% | +3.55%+1.48% | +3.43%n/a |
| Max drawdown | MUB VTES | -2.48%-0.77% | -2.59%-1.38% | -5.81%-1.81% | -11.55%n/a |
| Max drawdown duration | MUB VTES | 64d65d | 122d195d | 349d59d | 1488dn/a |
Trading data
MUB | VTES | |
Last sale 9/10/2026 at 1:30 PM | $102.72 | $99.72 |
| Previous close 09/09/2026 | $103.48 | $100.04 |
| Consolidated volume 09/09/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of August 31, 2026
1-year trailing difference
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MUB | VTES | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 9/10/2026 at 1:30 PM
Live
Closed
MUB | VTES | |
|---|---|---|
| Last price | $102.72 | $99.72 |
| 1D performance | -0.73% | -0.32% |
| AuM | $45.23 B | $2.62 B |
| E/R | 0.05% | 0.05% |
Characteristics
MUB | VTES | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | iShares | Vanguard |
| Benchmark | ICE AMT-Free US National Municipal Index | S&P 0-7 Year National AMT-Free Municipal Bond Index |
| N° of holdings | 3867 | 1686 |
| Asset class | Fixed Income | Fixed Income |
| Trailing 12m distribution yield | Join | Join |
| Inception date | September 7, 2007 | March 9, 2023 |
| ESG | No | No |
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Exposure
Countries
MUB
USA
58.61%
Other
41.39%
VTES
USA
59.38%
Other
40.62%
Sectors
MUB
Municipal
58.23%
Other
41.77%
VTES
Municipal
59.38%
Other
40.62%
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Diversification
MUB
Total weight of top 15 holdings out of 15
2.21%
VTES
Total weight of top 15 holdings out of 15
3.27%
Top 15 holdings
Data as of July 31, 2026
MUB
BlackRock Liquidity MuniCash
0.38%
University of Texas, 5% 15aug2036, USD (2025B)
0.19%
US650028ZA41
0.15%
US79642GTU66
0.14%
US89602RPH20
0.13%
Northwest Independent School District, 5.25% 15feb2055, USD (2025)
0.13%
New York Dormitory Authority, 4% 15feb2047, USD (2019D)
0.13%
Houston Higher Education Finance Corp., 5% 15may2034, USD (2024)
0.13%
New Jersey, 5% 1jun2028, USD
0.12%
Ohio State University, 5% 1jun2035, USD (2026)
0.12%
California, 5% 1sep2031, USD
0.12%
US93974EVY93
0.12%
Chicago Transit Authority, 5% 1dec2049, USD (2024A)
0.11%
East AWP Joint Powers Authority, 3.125% 1sep2026, USD (2024A)
0.11%
US812643ZK32
0.11%
VTES
North Colonie Central School District, 3.75% 25jun2027, USD (2026)
0.46%
US64972JQM35
0.25%
US13063ENN21
0.22%
Illinois, 5% 1nov2027, USD (2017D)
0.22%
Los Angeles Unified School District, 5% 1jul2032, USD (2024)
0.21%
New Jersey Economic Development Authority, 5% 15jun2042, USD
0.21%
Dallas Independent School District, 5% 15feb2056, USD (2026B)
0.21%
New Jersey, 5% 1jun2029, USD
0.20%
New Jersey, 5% 1jun2028, USD
0.20%
New Jersey Transportation Trust Fund Authority, 5% 15jun2028, USD
0.20%
California, 5.25% 1aug2032, USD
0.18%
Wyandotte Unified School District №500, 5.25% 1sep2042, USD (2016-A)
0.18%
East AWP Joint Powers Authority, 3.125% 1sep2026, USD (2024A)
0.18%
New Jersey, 4% 1jun2030, USD
0.17%
US544647HQ66
0.17%
Frequently asked questions about MUB and VTES
How have the MUB and VTES ETFs performed in 2026?
As of September 8, 2026, MUB is down -0.5% year-to-date (YTD), while VTES has returned 0.34%. That puts VTES better performer ahead so far this year.
Which ETF is attracting more investor money: MUB or VTES?
Year-to-date, the MUB ETF saw +$4.90B in flows, compared to +$1.05B for VTES.
Which ETF is more volatile: MUB or VTES?
Over the past year, MUB had a volatility of 2.31%, while VTES experienced 1.11%.
Which ETF is bigger: MUB or VTES?
As of September 8, 2026, MUB holds $45.23 B in assets under management (AUM), while VTES manages $2.62 B.
What sectors do the MUB and VTES ETFs invest in?
MUB leans toward sectors like Municipal. Meanwhile, VTES focuses on Municipal.
What are the top holdings of the MUB ETF and VTES ETF?
MUB top holdings include BlackRock Liquidity MuniCash, University of Texas, 5% 15aug2036, USD (2025B) and US650028ZA41. VTES holds in its top three: North Colonie Central School District, 3.75% 25jun2027, USD (2026), US64972JQM35 and US13063ENN21.
Which ETF is more diversified: MUB or VTES?
MUB holds 6762 securities with 2.21% of its assets in the top 15. VTES has 3414 securities and a top 15 weight of 3.27%.
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